Tag Archives: budget talks

By Jim Morgo John Boehner has the toughest job in the United States. He knows that failing to raise the nation’s debt limit will inflict economic pain on an already suffering country, wreak havoc in world financial markets and perhaps ...

Rival Democratic and Republican plans to raise the government’s borrowing ability have thrust Congress into a standoff just one week away from a potentially devastating debt crisis. President Barack Obama made a last ditch call for compromise, but House Speaker ...

In a blunt challenge to President Barack Obama, House Republicans drafted legislation Monday to avert a threatened Aug. 2 government default — but along lines the White House has already dismissed. U.S. financial markets shrugged off the uncertainty. “Compromise has ...

With bipartisan debt-limit talks deadlocked, House Republicans and Senate Democrats readied rival emergency fallback plans Sunday in hopes of reassuring world financial markets the U.S. government will avoid an unprecedented default. In a conference call, Speaker John Boehner summoned his ...

President Barack Obama and House Speaker John Boehner pressed their search on Friday for an elusive debt-limit compromise as the Senate rejected a House plan containing deep spending cuts and for the moment put aside a last-ditch fallback option. The ...

House Speaker John Boehner predicted Thursday that a majority of House Republicans will end up supporting some kind of compromise as the Senate began debating a House-passed effort to tie an increase in the debt ceiling to conservative demands for ...

Progress remains elusive as official Washington grapples day after day for a way out of a debt dilemma that has the government sliding toward a first-ever default on its financial obligations. President Barack Obama met with House Speaker John Boehner, ...

Leaders of a bipartisan “Gang of Six” senators said Tuesday that they’ve reached agreement on a major plan to cut the deficit by more than $4 trillion over the coming decade in what could be a bold entry into a ...

With a default deadline drawing ominously near, House Republican leaders are giving the tea party what amounts to a symbolic floor vote on a “cut, cap and balance” debt-limit plan while behind the scenes work continues on a fallback measure ...

Congressional budget referees say fixing a glitch in President Barack Obama’s health care law would save taxpayers $13 billion without adding to the number of uninsured people. Lawmakers introduced legislation Monday to fix the problem, a glitch that would have ...